Targacept Inc. is counting on the success of only two of the four trials in the Phase III program for its novel depression drug TC-5214 to support regulatory filings, so while disappointing, one failure is not discouraging, said CEO Donald deBethizy.
“We expect that a positive outcome in two of the RENAISSANCE efficacy studies will be sufficient to support regulatory approval in the U.S. and continue with AstraZeneca to plan for...